Economy - TRENDS MENA

ROME, ITALY – The situation in the Red Sea has not yet been reflected in the pace of prices for...

An influential figure in western Libya, Mechri accused Dbeibah's government of "fueling a campaign against the parliament and the HCS".
Libya's western-based upper house defended lawmakers' decision that "unanimously approved" former interior minister Fathi Bashagha as new prime minister
Abdulhamid Dbeibah's interim government had to lead the country to the presidential poll on December 24 but it was cancelled due to the candidacies of controversial figures
Communities and businesses that rely on the ocean are hurting, as more than 3 billion people depend on marine and...
The World Bank defines blue economy as "sustainable use of ocean resources for economic growth, improved livelihoods, and jobs” while preserving oceans
The UN has earlier noted that a good blue economy could help the world achieve its Sustainable Development Goals, including one for life under water
After two weeks of talks, the IMF said Friday it has advanced efforts to secure an aid program to help...
The Washington-based lender launched talks last month to pull the Middle Eastern country out of its deepening economic crisis
The country will need fiscal reforms that ensure it can manage its debt load as well as measures to establish a "credible" currency system, the IMF said
Fitch Ratings on Friday downgraded Turkey's debt from BB- to B+ with a negative outlook, citing high inflation and a...
The downgrade comes after data released earlier in the month showed inflation hitting a two-decade record of nearly 50 percent in January
The agency added that it "does not expect the authorities' policy response" to "sustainably ease macroeconomic and financial stability risks"
While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government...
Saudi Arabia intends to increase the amount of non-oil exports from 16 percent to 50 percent of the total GDP
The Made in Saudi Arabia program helps create a unified identity for exports and improve their reliability
DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will...
The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation.
Providing a platform for the entire business aviation community, the MEBAA Show will convene again to build partnerships.
This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.
The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to last year.
The statistical figures for January 2022 issued by MAWANI also showed an increase in other operational indicators of Saudi ports.
The 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, had...
The group began to increase output last year, renewing every month a target of 400,000 barrels per day, as demand and prices recovered.
But analysts have said some members, such as Angola and Nigeria, have been unable to scale up their production and others are unwilling to do so.
The Algerian group announced the deal during a visit to the neighbouring North African country by its chief Toufik Hakkar.
The Algerian group announced the deal during a visit to the neighbouring North African country by its chief Toufik Hakkar
The Sonatrach statement said the oil and gas giant planned to “redouble efforts for a swift return” to its activities in Libya
The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public...
The scheme is the first regional plan that seeks to mobilise up to 300 billion euros ($340 billion) for public and private infrastructure around the world by 2027
Seen as a response to China's Belt and Road initiative, the strategy will use funding from EU institutions and member countries to leverage private-sector investment